QDF vs. AUSF ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to Global X Adaptive U.S. Factor ETF (AUSF)

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.39

Average Daily Volume

26,693

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.07

Average Daily Volume

36,827

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	QDF	AUSF
30 Days	0.21%	2.63%
60 Days	2.38%	4.88%
90 Days	3.47%	5.86%
12 Months	26.27%	31.88%

32 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in AUSF	Overlap
AAPL	C	8.54%	0.1%	0.1%
ABBV	F	2.58%	0.14%	0.14%
ADP	A	1.11%	1.45%	1.11%
AFL	B	0.62%	0.1%	0.1%
ALLY	C	0.37%	0.52%	0.37%
BR	A	0.3%	0.83%	0.3%
CL	D	0.15%	0.07%	0.07%
CMA	B	0.58%	0.55%	0.55%
COR	B	0.14%	1.52%	0.14%
COST	A	0.24%	0.11%	0.11%
EA	A	0.58%	1.37%	0.58%
HST	C	0.41%	0.5%	0.41%
JNJ	C	3.01%	1.31%	1.31%
KO	D	2.16%	1.01%	1.01%
LMT	D	0.62%	1.45%	0.62%
LNC	C	0.39%	0.54%	0.39%
MA	B	0.26%	0.08%	0.08%
MO	A	0.89%	0.62%	0.62%
MRK	D	0.45%	0.99%	0.45%
ORI	A	0.55%	0.09%	0.09%
PG	C	3.03%	0.79%	0.79%
PNW	A	0.16%	0.08%	0.08%
RDN	D	0.49%	0.49%	0.49%
SNA	A	0.56%	0.1%	0.1%
STWD	C	0.49%	0.47%	0.47%
SWKS	F	0.4%	0.44%	0.4%
TPR	B	0.57%	0.57%	0.57%
UGI	C	0.49%	0.46%	0.46%
V	A	0.4%	1.5%	0.4%
WMT	A	0.13%	1.5%	0.13%
WU	F	0.45%	0.44%	0.44%
XOM	B	0.5%	0.08%	0.08%

QDF Overweight 95 Positions Relative to AUSF

Symbol	Grade	Weight
NVDA	B	5.81%
MSFT	D	4.91%
META	D	3.1%
ACN	B	1.93%
GOOGL	C	1.84%
HD	B	1.77%
INTU	B	1.74%
QCOM	F	1.68%
GOOG	C	1.63%
PM	B	1.41%
LOW	C	1.27%
UNP	C	1.24%
GILD	C	1.0%
MS	A	0.98%
AVGO	D	0.88%
LRCX	F	0.87%
VRT	B	0.83%
NKE	F	0.83%
SBUX	A	0.76%
KLAC	F	0.76%
CAT	B	0.75%
JPM	A	0.75%
ZTS	D	0.74%
ITW	B	0.74%
FAST	B	0.68%
BK	A	0.68%
MMM	D	0.65%
PAYX	B	0.63%
FIS	C	0.62%
PEG	A	0.61%
PRU	A	0.61%
VIRT	A	0.6%
KTB	B	0.6%
JHG	B	0.6%
PSA	C	0.6%
D	C	0.59%
AVB	B	0.58%
EBAY	D	0.58%
GEN	B	0.58%
MET	A	0.56%
WTW	B	0.56%
CHRW	B	0.55%
EQR	C	0.55%
MAA	B	0.55%
VLO	C	0.55%
MPC	D	0.54%
NXPI	D	0.52%
OMF	A	0.52%
OHI	C	0.52%
CPT	B	0.51%
IVZ	B	0.51%
OGE	A	0.51%
SMG	C	0.5%
NSA	C	0.49%
BPOP	C	0.48%
WDFC	B	0.47%
FAF	A	0.47%
DVN	F	0.46%
IPG	D	0.45%
MCHP	F	0.45%
POOL	C	0.44%
WSM	C	0.43%
TT	A	0.43%
CFR	B	0.42%
NUE	C	0.42%
EVRG	A	0.42%
WY	F	0.42%
CTAS	B	0.39%
PFG	D	0.39%
RHI	C	0.38%
CUBE	C	0.37%
SCCO	F	0.36%
WMS	F	0.36%
APLE	B	0.35%
EIX	B	0.34%
IRDM	D	0.31%
NEP	F	0.3%
OLN	F	0.25%
NNN	C	0.23%
NTAP	C	0.22%
WING	D	0.2%
HRB	D	0.17%
RMD	C	0.17%
DPZ	C	0.17%
PAYC	B	0.16%
BSY	F	0.13%
EXP	B	0.08%
WFRD	D	0.07%
CSWI	B	0.07%
BKNG	A	0.07%
MAR	A	0.05%
COP	C	0.04%
STNG	F	0.02%
BAC	A	0.02%
BBWI	C	0.01%

QDF Underweight 158 Positions Relative to AUSF

Symbol	Grade	Weight
T	A	-1.81%
VZ	C	-1.72%
TMUS	B	-1.58%
RSG	A	-1.53%
BSX	A	-1.49%
BRK.A	B	-1.46%
GD	D	-1.45%
JNPR	D	-1.44%
RTX	D	-1.42%
MMC	B	-1.41%
CSCO	B	-1.41%
ICE	C	-1.39%
WM	B	-1.39%
CME	B	-1.36%
DOX	D	-1.36%
LIN	C	-1.34%
IBM	C	-1.32%
ACI	C	-1.29%
EDR	A	-1.27%
CBOE	C	-0.88%
MCD	D	-0.71%
DTM	A	-0.67%
PEP	F	-0.67%
MARA	B	-0.67%
UNM	A	-0.63%
KMI	A	-0.63%
LBRDK	C	-0.59%
IP	A	-0.57%
COLB	B	-0.57%
UMBF	B	-0.57%
ONB	C	-0.57%
SYF	B	-0.57%
ZION	B	-0.56%
UBSI	B	-0.56%
FNB	A	-0.56%
FHN	A	-0.56%
WBS	A	-0.56%
PB	B	-0.55%
HBAN	A	-0.55%
JXN	C	-0.55%
PVH	C	-0.55%
ABG	C	-0.55%
CADE	B	-0.55%
RF	A	-0.54%
WHR	B	-0.54%
OKE	A	-0.54%
VTRS	A	-0.54%
CFG	B	-0.54%
AL	B	-0.54%
LAD	A	-0.54%
PCAR	B	-0.54%
HPE	B	-0.54%
C	A	-0.53%
GM	C	-0.53%
INTC	C	-0.53%
OZK	B	-0.53%
TAP	C	-0.53%
BEN	C	-0.52%
HPQ	B	-0.52%
NOV	C	-0.52%
BCC	B	-0.51%
CMCSA	B	-0.51%
AM	A	-0.51%
QGEN	D	-0.5%
BWA	D	-0.5%
CHE	D	-0.5%
X	B	-0.49%
CIVI	D	-0.49%
SLG	B	-0.49%
GAP	C	-0.49%
SOLV	D	-0.48%
MOS	F	-0.48%
M	F	-0.48%
SNX	D	-0.48%
NXST	C	-0.48%
CNC	D	-0.48%
TDG	D	-0.48%
CHRD	D	-0.48%
AVT	C	-0.48%
SON	F	-0.47%
WBA	F	-0.47%
BBY	D	-0.47%
KRC	B	-0.47%
AGNC	C	-0.47%
CRBG	B	-0.47%
DINO	D	-0.47%
BG	D	-0.47%
VICI	C	-0.46%
RPRX	D	-0.46%
CVS	D	-0.46%
LYB	F	-0.46%
MDT	D	-0.46%
RNR	C	-0.46%
CNH	C	-0.45%
LEA	F	-0.45%
HOG	D	-0.45%
EMN	C	-0.45%
CAG	F	-0.45%
FMC	D	-0.44%
KHC	F	-0.44%
OGN	F	-0.44%
PFE	F	-0.44%
ADM	D	-0.44%
HII	F	-0.44%
ARW	D	-0.43%
DOW	F	-0.42%
CE	F	-0.29%
YUM	D	-0.26%
CACI	D	-0.22%
PGR	A	-0.18%
LDOS	C	-0.13%
GRMN	B	-0.13%
TW	A	-0.13%
SO	C	-0.12%
KR	B	-0.12%
TRV	B	-0.11%
CHD	A	-0.11%
VRSK	A	-0.1%
WMB	A	-0.1%
GDDY	A	-0.1%
MCK	A	-0.09%
CVX	A	-0.09%
NOC	D	-0.09%
ATR	B	-0.09%
PKG	A	-0.09%
AME	A	-0.09%
MSI	B	-0.09%
WRB	A	-0.09%
DUK	C	-0.09%
AMGN	F	-0.08%
UNH	B	-0.08%
CI	D	-0.08%
CAH	B	-0.08%
INGR	C	-0.08%
HOLX	D	-0.08%
HIG	B	-0.08%
CB	C	-0.08%
ED	C	-0.08%
BDX	F	-0.08%
VRSN	C	-0.08%
FE	C	-0.07%
MDLZ	F	-0.07%
KMB	C	-0.07%
CTLT	C	-0.07%
K	A	-0.07%
AJG	A	-0.07%
ATO	A	-0.07%
L	A	-0.07%
DGX	A	-0.07%
WELL	A	-0.07%
ECL	D	-0.07%
ROP	B	-0.07%
VRTX	D	-0.07%
TJX	A	-0.07%
HON	C	-0.07%
FI	A	-0.07%
REGN	F	-0.06%
AKAM	D	-0.06%